Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.3110 | −0.0067 | get 0.0033% / 4h | 2h 50m | $273K | $26K | 50x | Long BloFin | |
| SHORT | 0.3109 | −0.0336 | pay 0.0168% / 4h | 2h 50m | $1K | $141K | 10x | Short edgeX |
Price gap−0.028%
Funding gap−0.0269% /8h
The gap pays +$8 on $10k if it goes back to its 7d average, but funding costs $8 a day and eats that in about 24 hours. At the last 7 days' pace that is about 2.3 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$24−0.0269% /8h now · paid −0.239% over the last 7D
Price+$8spread −0.028% now, avg −0.107% → +0.079% if it goes back
Costs−$850.847% of $10k · taker + slippage, in and out
Result−$101−1.01%+ Points / potential airdropedgeX: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.028%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hMET on 21 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size10.3 / 26.5 bpAt $10k entering edgeX costs 26.5 bp, fee and slippage, 2.6× BloFin’s.
- Note: Margin at max leverage$200 + $1,000BloFin 50x, edgeX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval4h / 4hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$8.08Long BloFin: 6 payments, +$2.00; short edgeX: 6 payments, −$10.08.
- OK: Entry gap works for you−0.028% vs −0.107%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$1K vs $273K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- Watch: KYCBloFin Limited · edgeX NoNo ID to trade futures, with no leverage limit, but withdrawals are capped at 20,000 USDT a day until you verify.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0114%/8h × 21 periods−$23.94
Price spread−0.028% → −0.107% (7d avg)+$7.93
Slippage, 4 orderslive order books−$63.70
Fee BloFin bp × 2 orders−$12.00
Fee edgeX bp × 2 orders−$9.00
Net · 7 days · $10k−$100.71
Costs to cover0.847%Break-evennever at this rate
Slippage: BloFin: live order book, 56 min ago; edgeX: live order book, 61 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBloFin1.6010.3 bp−$1035.0 bp−$350doesn’t fitdoesn’t fit
SELL · SHORTedgeX6.4226.5 bp−$26doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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